"At [[Berkshire Hathaway|Berkshire]], **economic value arises from combining modesty about one’s ability to understand any business with a preference for businesses that are relatively easy to understand**." ([Location 3752](https://readwise.io/to_kindle?action=open&asin=B00K33E460&location=3752)) --- **Tags** -- [[quotes]], [[humility]] , [[valuations]] , [[circle-of-competence]] , [[essentialism]] , **Source** -- [[202407260951 - B - Berkshire Beyond Buffett]]